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12/27/22
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A 24.9k sf, freestanding industrial building located in the Gateway Business Park in Johnstown (Fort Collins), CO sold for $4.85 mil ($195/sf). The property is 100% leased to a single tenant, an undisclosed company in the Gas & Oil industry.
The property is located at 321 Basher Dr. It is situated in one of the area's fastest growing submarkets with three new state-of-the-art schools, over 1 msf of planned retail space, and 3,200 new residents within two miles.
Built in 2008 and situated on two acres, the property consists of approximately 20k sf of warehouse / production space and approximately 5k sf of office space. The property also includes fenced yard. It is centrally located in Northern Colorado adjacent to I-25, providing easy access to Wyoming, Denver, Eastern Plains, and the Front Range.
Cushman & Wakefield’s Jared Goodman, CCIM, SIOR, Anne Spry, Aki Palmer, and Cole VanMeveren represented the buyer, Camp Creek Holdings Inc, and the seller, a joint venture of Stover LLC, Cheyenne I LLC, and Cheyenne II LLC et al, in the transaction. The property traded in an off-market deal.
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